Industrial production: IIP Increases 2.4% In July, 2022

According to the government report, the Index of Industrial Production (IIP) increased 2.4% in July, while IIP had grown 11.5% in July 2021. The National Statistical Office (NSO) released this data today. Additionally, the manufacturing sector's output also increased 3.2% in July 2022.

On the other hand, the mining output fell 3.3%, power generation gained 2.3% during the same period.

In April 2020, the data also mentioned that industrial production had fallen 57.3% due to a fall in economic activities in the wake of the Covid-related lockdown.

Capital goods output is known as a barometer of investments, which has increased by 5.8% in July 2022, against 30.3% growth in the same month last year. The consumer durables segment grew 2.4%, against 19.4% growth a year ago. Additionally, the primary goods segment which accounts for around 34% of the index, increased 2.5% in July compared to 12.4% growth in the same month last year.